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2018-01-26

Trichet: "It is extremely important that the US has been saying that a strong dollar is in the interests of the US."

Then European Central Bank president Jean-Claude Trichet 6 July 2009 

John Connally, when Treasury secretary in President Richard Nixon’s cabinet, famously told his European counterparts in 1971 that the dollar “is our currency but your problem”


Most famously, back in 1987, Ronald Reagan often repeated that: "A strong dollar means a strong America." 

When his Treasury secretary, James Baker, appeared on Sunday morning talk shows to threaten the German authorities by saying "either inflate your mark, or we’ll devalue the dollar", the next step has gone down in history. 



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